The following information pertains to JAE Corporation at January 1, Year 1 . JAE Corporation completed the following transactions during Year 1: 1. Issued 1,200 shares of $11 par common stock for $30 per share. 2. Repurchased 220 shares of its own common stock for $27 per share. 3. Resold 50 shares of treasury stock for $28 per share. Required: a. How many shares of common stock were outstanding at the end of the period? b. How many shares of common stock had been issued at the end of the period? c. Organize the transactions data in accounts under the accounting equation. d. Prepare the stockholders' equity section of the balance sheet reflecting these transactic How many shares of common stock were outstanding and issued at the end of the period? JAE CORPORATION Accounting Equation for the Year 1 JAE CORPORATION Balance Sheet (Partial) As of December 31 Stockholders' Equity Total paid-in capital Total stockholders' equity \begin{tabular}{|ll|} \hline$ & 0 \\ \hline & \\ \hline$ & 0 \\ \hline \end{tabular}